The most expensive part of buying a car is actually selling it. It’s not the cost of upkeep, miles you put on it or gas you put into it, it’s the value that slips away as time goes on. After only one year, the average new car loses twelve percent of its value. After three years, the industry average is a car retains only 53% of it’s original value. But, that’s the average – that means some vehicles depreciate faster than that and some depreciate slower. Keeping the depreciation rate in mind can be really helpful when buying your first few cars.
By class, the vehicles that retain their value the most tend to be SUVs and pickups.
Vehicles that Depreciate Slowest | 2016
Trucks and SUVs continue to dominate the list of vehicles that depreciate the slowest. In 2016, seven of the vehicles on the list are carried over from 2015. All of the vehicles on the top ten list are estimated retain about 55% of their original sticker price after five years, according to Kelly Blue Book.
Vehicles that Depreciate Slowest | 2015
The vehicles that depreciate the slowest tend to be more niche vehicles. After three years, the average Toyota FJ Cruiser is worth an impressive 98% of its original value. That’s because Toyota only produced the FJ Cruiser from 2007 to 2014 and never sold more than 15,000 vehicles a year.
Other vehicles on the top of the list include the Toyota Tacoma, Jeep Wrangler, Toyota 4Runner, Honda Ridgeline, Subaru XV Crosstrek, Toyota Tundra and Subaru Impreza.
Vehicles that depreciate quickly may not be the best investments to buy as new cars. But, these are great vehicles to look at if you’re thinking about buying used. You’re more likely to get a great price on a newer car with only average miles if you take a look at the vehicles that depreciate quickly. Even 1-year lease turn-ins are great options to help you save some money and get behind a great vehicle.
Vehicles that Depreciate Fastest | 2016
Since Suzuki no longer sells vehicles in the U.S., this list looks a little different from last years. The Fiat 500 remains on the list with an average depreciation rate of 31.9% after only one year. The Mercedes-Benz C 250 made the list this year with an average price difference over the first year of 34.3%. The only other vehicle in the Baxter lineup to make it onto this list is the Fiat 500L. The 500L hops on at a depreciation rate of 34.6%.
Vehicles that Depreciate Fastest | 2015
On the other side, are the vehicles that depreciate faster than average. After three years, the average Fiat 500 and Ford Fiesta lost 37% and 41% of their value, respectively. Most of the other vehicles on the list of those that depreciate fastest are from brands that no longer exist or no longer sell vehicles in the United States.
Take a look at some 2014 vehicles that depreciated by less than 10% after a year of average ownership.